Significant Increase in Credit Risk According to IFRS 9: Implications for Financial Institutions
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چکیده
The aims of accounting standard setting is substantially different to those of bank regulation. Financial reporting follows as a general purpose to provide information to those outside the firm to support decision usefulness. In contrast to this prudential bank regulation seeks to decrease the frequency and cost of bank failures and to protect the financial system as a whole by limiting the frequency and cost of systemic crises [1].
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تاریخ انتشار 2015